Income Driven Repayment Plan Request - IDR

INCOME-DRIVEN REPAYMENT (IDR) PLAN REQUEST

OMB No. 1845-0102
DRAFT FORM
Exp. Date x/xx/xxxx

For the Revised Pay As You Earn (REPAYE), Pay As You Earn (PAYE),
Income-Based Repayment (IBR), and Income-Contingent Repayment (ICR)
plans under the William D. Ford Federal Direct Loan (Direct Loan) Program
and Federal Family Education Loan (FFEL) Programs
WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on
IDR
any accompanying document is subject to penalties that may include fines, imprisonment, or both, under
the U.S. Criminal Code and 20 U.S.C. 1097.
SECTION 1: BORROWER INFORMATION
Please enter or correct the following information.
Check this box if any of your information has changed.
SSN
Name
Address
City

State

Zip Code

Telephone - Primary
Telephone - Alternate
Email (Optional)
SECTION 2: REPAYMENT PLAN OR RECERTIFICATION REQUEST
It's faster and easier to complete this form online at StudentLoans.gov. You can learn more at StudentAid.gov/IDR and by
reading Sections 9 and 10. It's simple to get repayment estimates at StudentAid.gov/repayment-estimator. If you need help
with this form, contact your loan holder or servicer for free assistance. You can find out who your loan holder or servicer is at
StudentAid.gov/login. You may have to pay income tax on any loan amount forgiven under an income-driven plan.
1. Select the reason you are submitting this form
(Check only one):
I want to enter an income-driven plan - Continue to
Item 2.
I am submitting documentation for the annual
recertification of my income-driven payment - Skip
to Item 3.
I am submitting documentation early to have my
income-driven payment recalculated immediately Skip to Item 3.
I want to change to a different income-driven plan Continue to Item 2.

3. Do you have multiple loan holders or servicers?
Yes - Submit a request to each holder or servicer.
Continue to Item 4.
No - Continue to item 4.
4. Are you currently in deferment or forbearance?
After answering, continue to Item 5.
No.
Yes, but I want to start making payments under my
plan immediately.
Yes, and I do not want to start repaying my loans
until the deferment or forbearance ends.

2. Choose a plan and then continue to Item 3.
(Recommended) I want the income-driven
repayment plan with the lowest monthly payment.
REPAYE
IBR
PAYE

ICR

Note: If you have FFEL Program loans, they are only eligible
for IBR. However, you can consolidate your loans at
StudentLoans.gov to access more beneficial income-driven
repayment plans.

SECTION 3: FAMILY SIZE INFORMATION
5. How many children, including unborn
children, are in your family and receive more
than half of their support from you?

6. How many other people, excluding your
spouse and children, live with you and receive
more than half of their support from you?

Note: A definition of "family size" is provided in Section 9. Do not enter a value for you or your spouse. Those values are
automatically included in your family size, if appropriate.
Page 1 of 10

Borrower Name

Borrower SSN

SECTION 4A: MARITAL STATUS INFORMATION
7. What is your marital status?
Single - Skip to Item 11.
Married - Continue to Item 8.
Married, but separated - You will be treated as
single. Skip to Item 11.
Married, but cannot reasonably access my spouse's
income information - You will be treated as single.
Skip to Item 11.
8. Does your spouse have federal student loans?

9. Provide the following information about your
spouse and then continue to Item 10:
a.

Spouse's SSN

b. Spouse's Name
c.

Spouse's Date of Birth

10. When you filed your last federal income tax return,
did you file jointly with your spouse?
Yes - Continue to Item 13.
No - Skip to Item 17.

Yes - Continue to Item 9.
No - Skip to Item 10.

SECTION 4B: INCOME INFORMATION FOR SINGLE BORROWERS AND MARRIED BORROWERS TREATED AS SINGLE
11. Has your income significantly decreased since you
filed your last federal income tax return?
For example, have you lost your job, experienced a
drop in income, or gotten divorced, or did you most
recently file a joint return with your spouse, but you
have since become separated or lost the ability to
access your spouse's income information?
Yes - Continue to Item 12.
No - Provide your most recent federal income tax
return or transcript. Skip to Section 6.
I haven't filed a federal income tax return in the last
two years - Continue to Item 12.

12. Do you currently have taxable income?
Check "No" if you do not have any income or receive
only untaxed income.
Yes - Provide documentation of your income as
instructed in Section 5. Skip to that Section.
No - You are not required to provide documentation
of your income. Skip to Section 6.
Note: Remember, any person who knowingly makes a false
statement or misrepresentation on this form can be subject
to penalties including fines, imprisonment, or both.

SECTION 4C: INCOME INFORMATION FOR MARRIED BORROWERS FILING JOINTLY
13. Has your income significantly decreased since you
filed your last federal income tax return?
For example, have you lost your job or experienced a
drop in income?
Yes - Skip to Item 15.
No - Continue to Item 14.
We haven't filed a federal income tax return in the
last two years - Skip to Item 15.
14. Has your spouse's income significantly decreased
since your spouse filed his or her last federal income
tax return?
For example, has your spouse lost his or her job or
experienced a drop in income?
Yes - Continue to Item 15.
No - Provide your and your spouse's most recent
federal income tax return or transcript. Skip to
Section 6.

15. Do you currently have taxable income?
Check "No" if you do not have any income or receive
only untaxed income.
Yes - You must provide documentation of your
income according to the instructions in Section 5.
Continue to Item 16.
No - You are not required to provide documentation
of your income. Continue to Item 16.
16. Does your spouse currently have taxable income?
Check "No" if your spouse does not have any income
or receives only untaxed income.
Yes - Skip to Section 5 and provide documentation
of your spouse's income as instructed in that
section.
No - You are not required to provide documentation
of your spouse's income. If you selected "Yes" to
Item 15, skip to Section 5 and document your
income. If you selected "No" to Item 15, skip to
Section 6.

Note: Remember, any person who knowingly makes a false statement or
misrepresentation on this form can be subject to penalties including fines,
imprisonment, or both.
Page 2 of 10

Borrower Name

Borrower SSN

SECTION 4D: INCOME INFORMATION FOR MARRIED BORROWERS FILING SEPARATELY
17. Has your income significantly decreased since you
filed your last federal income tax return?
For example, have you lost your job or experienced a
drop in income?
Yes - Continue to Item 18.
No - Provide your most recent federal income tax
return or transcript. Skip to Item 19.
I haven't filed a federal income tax return in the past
two years - Continue to Item 18.
18. Do you currently have taxable income?
Check "No" if you have no taxable income or receive
only untaxed income. After answering, continue to Item
19.
Yes - You must provide documentation of your
income as instructed in Section 5.
No.

Note: Remember, any person who knowingly makes a false
statement or misrepresentation on this form can be subject
to penalties including fines, imprisonment, or both.

19. Has your spouse's income significantly decreased
since your spouse filed his or her last federal income
tax return?
For example, has your spouse lost a job or
experienced a drop in income?
Yes - Continue to Item 20.
No - Provide your spouse's most recent federal
income tax return or transcript. This information will
only be used if you are on or placed on the REPAYE
Plan. Skip to Section 6.
My spouse hasn't filed a federal income tax return in
the past two years - Continue to Item 20.
20. Does your spouse currently have taxable income?
Check "No" if your spouse has no taxable income or
receives only untaxed income.
Yes - Skip to Section 5 and provide documentation
of your spouse's income as instructed in that
section. This information will only be used if you are
on or placed on the REPAYE Plan.
No - You are not required to provide documentation
of your spouse's income. If you selected "Yes" to
Item 18, skip to Section 5 and document your
income. If you selected "No" to Item 18, skip to
Section 6.

SECTION 5: INSTRUCTIONS FOR DOCUMENTING CURRENT INCOME
You only need to follow these instructions if, based on your answers in Section 4, you and your spouse (if applicable) were
instructed to provide documentation of your current income instead of a tax return or tax transcript.
This is the income you must document:
• You must provide documentation of all taxable income you and your spouse (if applicable) currently receive.
• Taxable income includes, for example, income from employment, unemployment income, dividend income, interest
income, tips, and alimony.
• Do not provide documentation of untaxed income such as Supplemental Security Income, child support, or federal or
state public assistance.
This is how you document your income:
• Documentation will usually include a pay stub or letter from your employer listing your gross pay.
• Write on your documentation how often you receive the income, for example, “twice per month” or “every other week."
• You must provide at least one piece of documentation for each source of taxable income.
• If documentation is not available or you want to explain your income, attach a signed statement explaining each source
of income and giving the name and the address of each source of income.
• The date on any supporting documentation you provide must be no older than 90 days from the date you sign
this form.
• Copies of documentation are acceptable.
After gathering the appropriate documentation, continue to Section 6.
Page 3 of 10

Borrower Name

Borrower SSN

SECTION 6: BORROWER REQUESTS, UNDERSTANDINGS, AUTHORIZATION, AND CERTIFICATION
If I am requesting an income-driven repayment plan or seeking to change income-driven repayment plans, I request:

• That my loan holder place me on the plan I selected in Section 2 to repay my eligible Direct Loan or FFEL Program loans held
by the holder to which I submit this form.
• If I do not qualify for the plan or plans I requested, or did not make a selection in Item 2, that my loan holder place me on the
plan with the lowest monthly payment amount.
• If I selected more than one plan, that my loan holder place me on the plan with the lowest monthly payment amount from
the plans that I requested.
• If more than one of the plans that I selected provides the same initial payment amount, or if my loan holder is determining
which of the income-driven plans I qualify for, that my loan holder use the following order in choosing my plan: REPAYE (if
my repayment period is 20 years), PAYE, REPAYE (if my repayment period is 25 years), IBR, and then ICR.
If I am not currently on an income-driven repayment plan, but I did not complete Item 1 or I incorrectly indicated in Item 1 that I
was already in an income-driven repayment plan, I request that my loan holder treat my request as if I had indicated in Item 1 that I
wanted to enter an income-driven repayment plan.
If I am currently repaying my Direct Loans under the IBR plan and I am requesting a change to a different income-driven plan, I
request a one-month reduced-payment forbearance in the amount of my current monthly IBR payment or $5, whichever is greater
(unless I request another amount below or I decline the forbearance), to help me move from IBR to the new income-driven plan I
requested.
I request a one-month reduced-payment forbearance in the amount of:

(must be at least $5).

I understand that:

• If I do not provide my loan holder with this completed form and any other required documentation, I will not be placed on
the plan that I requested or my request for recertification or recalculation will not be processed.
• I may choose a different repayment plan for any loans that are not eligible for income-driven repayment.
• If I requested a reduced-payment forbearance of less than $5 above, my loan holder will grant my forbearance for $5.
• If I am requesting a change from the IBR Plan to a different income-driven repayment plan, I may decline the one-month
reduced payment forbearance described above by contacting my loan holder. If I decline the forbearance, I will be placed on
the Standard Repayment Plan and cannot change repayment plans until I make one monthly payment under that plan.
• If I am requesting the ICR plan, my initial payment amount will be the amount of interest that accrues each month on my
loan until my loan holder receives the income documentation needed to calculate my payment amount. If I cannot afford the
initial payment amount, I may request a forbearance by contacting my loan holder.
• If I am married and I request the ICR plan, my spouse and I have the option of repaying our Direct Loans jointly under this
plan. My loan servicer can provide me with information about this option.
• If I have FFEL Program loans, my spouse may be required to give my loan holder access to his or her information in the
National Student Loan Data System (NSLDS). If this applies to me, my loan holder with contact me with instructions.
• My loan holder may grant me a forbearance while processing my application or to cover any period of delinquency that
exists when I submit my application.
I authorize the entity to which I submit this request and its agents to contact me regarding my request or my loans at any
cellular telephone number that I provide now or in the future using automated telephone dialing equipment or artificial or
prerecorded voice or text messages.
I certify that all of the information I have provided on this form and in any accompanying documentation is true, complete, and
correct to the best of my knowledge and belief and that I will repay my loans according to the terms of my promissory note and
repayment schedule.

Borrower's Signature

Date

Spouse's Signature

Date

If you are married, your spouse is required to sign this form unless you are separated from your spouse or you're
unable to reasonably access your spouse's income information.
Page 4 of 10

SECTION 7: WHERE TO SEND THE COMPLETED FORM
Return the completed form and any documentation to:
(If no address is shown, return to your loan holder.)

If you need help completing this form call:
(If no phone number is shown, call your loan holder.)

SECTION 8: INSTRUCTIONS FOR COMPLETING THE FORM
Type or print using dark ink. Enter dates as month-day-year (mm-dd-yyyy). Example: March 14, 2019 = 03-14-2019. Include
your name and account number on any documentation that you are required to submit with this form. Return the
completed form and any required documentation to the address shown in Section 7.
SECTION 9: DEFINITIONS
COMMON DEFINITIONS FOR ALL PLANS:
The holder of your Direct Loans is the U.S. Department of
Education
(the Department). The holder of your FFEL Program
Capitalization is the addition of unpaid interest to
loans may be a lender, secondary market, guaranty agency, or
the principal balance of your loan. This will increase the
the Department. Your loan holder may use a servicer to
principal balance and the total cost of your loan.
handle billing, payment, repayment options, and other
A deferment is a period during which you are
communications. References to “your loan holder” on this
entitled to postpone repayment of your loans. Interest is
form mean either your loan holder or your servicer.
not generally charged to you during a deferment on your
A partial financial hardship is an eligibility requirement
subsidized loans. Interest is always charged to you during
for the PAYE and IBR plans. You have a partial financial
a deferment on your unsubsidized loans.
hardship when the annual amount due on all of your eligible
The William D. Ford Federal Direct Loan (Direct
loans (and, if you are required to provide documentation of
Loan) Program includes Direct Subsidized Loans, Direct
your spouse's income, the annual amount due on your
Unsubsidized Loans, Direct PLUS Loans, and Direct
spouse's eligible loans) exceeds what you would pay under
Consolidation Loans.
PAYE or IBR.
Family size always includes you and your children
The annual amount due is calculated based on the greater
(including unborn children who will be born during the
of (1) the total amount owed on eligible loans at the time
year for which you certify your family size), if the children
those loans initially entered repayment, or (2) the total
will receive more than half their support from you.
amount owed on eligible loans at the time you initially
For the PAYE, IBR, and ICR Plans, family size always
request the PAYE or IBR plan. The annual amount due is
includes your spouse. For the REPAYE plan, family size
calculated using a standard repayment plan with a 10-year
includes your spouse unless your spouse's income is
repayment period, regardless of loan type. When determining
excluded from the calculation of your payment amount.
whether you have a partial financial hardship for the PAYE
For all plans, family size also includes other people
plan, the Department will include any FFEL Program loans
only if they live with you now, receive more than half
that you have into account even though those loans are not
their support from you now, and will continue to receive
eligible to be repaid under the PAYE plan, except for: (1) a
this support for the year that you certify your family size.
FFEL Program loan that is in default, (2) a Federal PLUS Loan
Support includes money, gifts, loans, housing, food,
made to a parent borrower, or (3) a Federal Consolidation
clothes, car, medical and dental care, and payment of
Loan that repaid a Federal or Direct PLUS Loan made to a
college costs. Your family size may be different from the
parent borrower.
number of exemptions you claim for tax purposes.
The poverty guideline amount is the figure for your
The Federal Family Education Loan (FFEL) Program
state and family size from the poverty guidelines
includes Federal Stafford Loans (both subsidized and
published annually by the U.S. Department of Health and
unsubsidized), Federal PLUS Loans, Federal
Human Services (HHS) at aspe.hhs.gov/povertyConsolidation Loans, and Federal Supplemental Loans
guidelines. If you are not a resident of a state identified in
for Students (SLS).
the poverty guidelines, your poverty guideline amount is
A forbearance is a period during which you are
the amount used for the 48 contiguous states.
permitted to postpone making payments temporarily,
The standard repayment plan has a fixed monthly
allowed an extension of time for making payments, or
payment
amount over a repayment period of up to 10
temporarily allowed to make smaller payments than
years for loans other than Direct or Federal Consolidation
scheduled.
Loans, or up to 30 years for Direct and Federal
Consolidation Loans.
Page 5 of 10

SECTION 9: DEFINITIONS (CONTINUED)
DEFINITIONS FOR THE REPAYE PLAN:
The Revised Pay As You Earn (REPAYE) plan is a
repayment plan with monthly payments that are
generally equal to 10% of your discretionary income,
divided by 12.
Discretionary income for the REPAYE plan is the
amount by which your income exceeds 150% of the
poverty guideline amount.
Eligible loans for the REPAYE plan are Direct Loan
Program loans other than: (1) a loan that is in default, (2)
a Direct PLUS Loan made to a parent borrower, or (3) a
Direct Consolidation Loan that repaid a Direct or Federal
PLUS Loan made to a parent borrower.
DEFINITIONS FOR THE PAYE PLAN:
The Pay As You Earn (PAYE) plan is a repayment
plan with monthly payments that are generally equal to
10% of your discretionary income, divided by 12.
Discretionary income for the PAYE plan is the
amount by which your income exceeds 150% of the
poverty guideline amount.
Eligible loans for the PAYE plan are Direct Loan
Program loans other than: (1) a loan that is in default, (2)
a Direct PLUS Loan made to a parent borrower, or (3) a
Direct Consolidation Loan that repaid a Direct or Federal
PLUS Loan made to a parent borrower.
You are a new borrower for the PAYE plan if: (1) you
have no outstanding balance on a Direct Loan or FFEL
Program loan as of October 1, 2007 or have no
outstanding balance on a Direct Loan or FFEL Program
loan when you obtain a new loan on or after October 1,
2007, and (2) you receive a disbursement of an eligible
loan on or after October 1, 2011, or you receive a Direct
Consolidation Loan based on an application received on
or after October 1, 2011.
DEFINITIONS FOR THE IBR PLAN:
The Income-Based Repayment (IBR) plan is a
repayment plan with monthly payments that are
generally equal to 15% (10% if you are a new borrower)
of your discretionary income, divided by 12.
Discretionary income for the IBR plan is the amount
by which your adjusted gross income exceeds 150% of
the poverty guideline amount.
Eligible loans for the IBR plan are Direct Loan and
FFEL Program loans other than: (1) a loan that is in
default, (2) a Direct or Federal PLUS Loan made to a
parent borrower, or (3) a Direct or Federal Consolidation
Loan that repaid a Direct or Federal PLUS Loan made to a
parent borrower.
You are a new borrower for the IBR plan if (1) you
have no outstanding balance on a Direct Loan or FFEL
Program loan as of July 1, 2014 or (2) have no
outstanding balance on a Direct Loan or FFEL Program
loan when you obtain a new loan on or after July 1, 2014.

DEFINITIONS FOR THE ICR PLAN:
The Income-Contingent Repayment (ICR) plan is a
repayment plan with monthly payments that are the
lesser of (1) what you would pay on a repayment plan
with a fixed monthly payment over 12 years, adjusted
based on your income or (2) 20% of your discretionary
income divided by 12.
Discretionary income for the ICR plan is the amount
by which your adjusted gross income exceeds the
poverty guideline amount for your state of residence and
family size.
Eligible loans for the ICR plan are Direct Loan Program
loans other than: (1) a loan that is in default, (2) a Direct PLUS
Loan made to a parent borrower, or (3) a Direct PLUS
Consolidation Loan (based on an application received prior to
July 1, 2006 that repaid Direct or Federal PLUS Loans made to
a parent borrower). However, a Direct Consolidation Loan
made based on an application received on or after July 1,
2006 that repaid a Direct or Federal PLUS Loan made to a
parent borrower is eligible for the ICR plan.

Page 6 of 10

SECTION 10: INCOME-DRIVEN PLAN ELIGIBILITY REQUIREMENTS AND GENERAL INFORMATION
Table 1. Income-Driven Plan Eligibility Requirements and General Information
Plan Feature
Payment
Amount

Cap on
Payment
Amount
Married
Borrowers

REPAYE

PAYE

Generally, 10% of discretionary income. Generally, 10% of discretionary
income.

IBR

ICR

Lesser of 20% of discretionary
income or what you would pay
under a repayment plan with fixed
payments over 12 years, adjusted
based on your income.
None. Your payment may exceed what What you would have paid under What you would have paid under None. Your payment may exceed
you would have paid under the 10-year the 10-year standard repayment
the 10-year standard repayment what you would have paid under
standard repayment plan.
plan when you entered the plan. plan when you entered the plan. the 10-year standard repayment
plan.
Your payment will be based on the
Your payment will be based on the Your payment will be based on the Your payment will be based on the
combined income and loan debt of you combined income and loan debt of combined income and loan debt combined income of you and your
and your spouse regardless of whether you and your spouse only if you
of you and your spouse only if you spouse only if you file a joint
you file a joint or separate Federal
file a joint Federal income tax
file a joint Federal income tax
Federal income tax return, unless
income tax return, unless you and your return, unless you and your spouse return, unless you and your spouse you and your spouse (1) are
spouse (1) are separated or (2) you are (1) are separated or (2) you are
(1) are separated or (2) you are
separated or (2) you are unable to
unable to reasonably access your
unable to reasonably access your unable to reasonably access your reasonably access your spouse's
spouse's income information.
spouse's income information.
spouse's income information.
income information.

Borrower
On subsidized loans, you do not have to
Responsibility pay the difference between your
for Interest
monthly payment amount and the
interest that accrues for your first 3
consecutive years in the plan. On
subsidized loans after this period and on
unsubsidized loans during all periods,
you only have to pay half the difference
between your monthly payment amount
and the interest that accrues.
Forgiveness If you only have eligible loans that you
Period
received for undergraduate study, any
remaining balance is forgiven after 20
years of qualifying repayment. If you
have any eligible loans that you received
for graduate or professional study, any
remaining balance is forgiven after 25
years of qualifying repayment on all of
your loans. Forgiveness may be taxable.

On subsidized loans, you do not
have to pay the difference
between your monthly payment
amount and the interest that
accrues for your first 3 consecutive
years in the plan.

Never more than 15% of
discretionary income.

On subsidized loans, you do not
You are responsible for paying all
have to pay the difference
of the interest that accrues.
between your monthly payment
amount and the interest that
accrues for your first 3 consecutive
years of in the plan.

Any remaining balance is forgiven Any remaining balance is forgiven Any remaining balance is forgiven
after 20 years of qualifying
after no more than 25 years of
after 25 years of qualifying
repayment, and may be taxable.
qualifying repayment, and may be repayment, and may be taxable
taxable.

Page 7 of 10

SECTION 10: INCOME-DRIVEN PLAN ELIGIBILITY REQUIREMENTS AND GENERAL INFORMATION
Plan Feature

REPAYE

Income
Eligibility
Borrower
Eligibility

None.

PAYE

IBR

ICR

You must be a Direct Loan borrower
with eligible loans.

You must have a “partial financial
hardship”.
You must be a “new borrower”
with eligible Direct Loans.

You must have a “partial financial None.
hardship”.
You must be a Direct Loan or FFEL You must be a Direct Loan
borrower with eligible loans.
borrower with eligible loans.

Recertify
Income and
Family Size

Annually. Failure to submit
documentation by the deadline will
result in capitalization of interest and
increasing your payment to ensure that
your loan is paid in full over the lesser of
10 or the remainder of 20 or 25 years.

Annually. Failure to submit
documentation by the deadline
may result in the capitalization of
interest and will increase the
payment amount to the 10-year
standard payment amount.

Annually. Failure to submit
documentation by the deadline
will result in the capitalization of
interest and increase in payment
amount to the 10-year standard
payment amount.

Leaving the
Plan

At any time, you may change to any
At any time, you may change to
other repayment plan for which you are any other repayment plan for
eligible.
which you are eligible.

If you want to leave the plan, you
will be placed on the standard
repayment plan. You may not
change plans until you have made
one payment under that plan or a
reduced-payment forbearance.
Interest
Interest is capitalized when you are
If you are determined to no longer If you are determined to no longer
Capitalization removed from the plan for failing to
have a “partial financial hardship” have a “partial financial hardship”,
recertify your income by the deadline or or if you fail to recertify your
fail to recertify your income by the
when you voluntarily leave the plan.
income by the deadline, interest is deadline, or leave the plan,
capitalized until the outstanding interest is capitalized.
principal balance on your loans is
10% greater than it was when you
entered the plan. It is also
capitalized if you leave the plan.
Re-Entering Your loan holder will compare the total You must again show that you
You must again show that you
the Plan
of what you would have paid under
have a “partial financial hardship”. have a “partial financial hardship”.
REPAYE to the total amount you were
required to pay after you left REPAYE. If
the difference between the two shows
that you were required to paid less by
leaving REPAYE, your new REPAYE
payment will be increased. The increase
is equal to the difference your loan
holder calculated, divided by the
number of months remaining in the 20or 25-year forgiveness period.
Page 8 of 10

Annually. Failure to submit
documentation by the deadline
will result in the recalculation of
your payment amount to be the
10-year standard payment amount.
At any time, you may change to
any other repayment plan for
which you are eligible.

Interest that accrues when your
payment amount is less than
accruing interest on your loans is
capitalized annually until the
outstanding principal balance on
your loans is 10% greater than it
was when your loans entered
repayment.
No restrictions.

SECTION 11: SAMPLE PAYMENT AMOUNTS
The tables below provide repayment estimates under the traditional and income-driven repayment plans. These figures are estimates based on an interest rate of
6%, the average Direct Loan interest rate for undergraduate and graduate borrowers. The figures also assume a family size of 1, that you live in the continental U.S.,
and that your income increases 5% each year. Various factors, including your interest rate, your loan debt, your income, if and how quickly your income rises, and
when you started borrowing may cause your repayment to differ from the estimates shown in these tables. These figures use the 2016 Poverty Guidelines and
Income Percentage Factors.
Table 2. Non-Consolidation, Undergraduate Loan Debt of $30,000
in Direct Unsubsidized Loans and Starting Income of $25,000

Table 3. Non-Consolidation, Graduate Loan Debt of $60,000 in
Direct Unsubsidized Loans and Starting Income of $40,000

Repayment Initial
Final
Time in
Plan
Payment Payment Repayment

Repayment Initial
Final
Time in
Plan
Payment Payment Repayment

Total
Paid

Loan
Forgiveness

Total
Paid

Loan
Forgiveness

Standard

$333

$333

10 years

$33,967

N/A

Standard

$666

$666

10 years

$79,935

N/A

Graduated

$190

$571

10 years

$42,636

N/A

Graduated

$381

$1,143

10 years

$85,272

N/A

-

-

-

-

$437

$437

25 years

$130,974

N/A

-

-

-

-

$300

$582

25 years

$126,168

N/A

ExtendedIneligible
Fixed
ExtendedIneligible
Graduated

ExtendedFixed
ExtendedGraduated

PAYE

$60

$296

20 years

$38,105

$27,823

PAYE

$185

$612

20 years

$87,705

$41,814

REPAYE

$60

$296

20 years

$38,105

$24,253

REPAYE

$185

$816

25 years

$131,444

$0

IBR

$90

$333

$61,006

$0

IBR

$277

$666

ICR

$195

$253

$52,233

$0

ICR

$469

$588

21 years, 10
months
19 years, 6
months

Page 9 of 10

18 years, 3
$107,905
months
13 years, 9
$89,468
months

$0
$0

SECTION 12: IMPORTANT NOTICES
Privacy Act Notice. The Privacy Act of 1974 (5 U.S.C.
552a) requires that the following notice be provided to you:
The authorities for collecting the requested
information from and about you are §421 et seq. and §451
et seq. of the Higher Education Act of 1965, as amended (20
U.S.C. 1071 et seq. and 20 U.S.C. 1087a et seq.), and the
authorities for collecting and using your Social Security
Number (SSN) are §§428B(f) and 484(a)(4) of the HEA (20
U.S.C. 1078-2(f) and 1091(a)(4)) and 31 U.S.C. 7701(b).
Participating in the Federal Family Education Loan (FFEL)
Program or the William D. Ford Federal Direct Loan (Direct
Loan) Program and giving us your SSN are voluntary, but
you must provide the requested information, including your
SSN, to participate.
The principal purposes for collecting the
information on this form, including your SSN, are to verify
your identity, to determine your eligibility to receive a loan
or a benefit on a loan (such as a deferment, forbearance,
discharge, or forgiveness) under the FFEL and/or Direct
Loan Programs, to permit the servicing of your loans, and, if
it becomes necessary, to locate you and to collect and
report on your loans if your loans become delinquent or
default. We also use your SSN as an account identifier and to
permit you to access your account information
electronically.
The information in your file may be disclosed, on a
case-by-case basis or under a computer matching program,
to third parties as authorized under routine uses in the
appropriate systems of records notices. The routine uses of
this information include, but are not limited to, its disclosure
to federal, state, or local agencies, to private parties such as
relatives, present and former employers, business and
personal associates, to consumer reporting agencies, to
financial and educational institutions, and to guaranty
agencies in order to verify your identity, to determine your
eligibility to receive a loan or a benefit on a loan, to permit
the servicing or collection of your loans, to enforce the
terms of the loans, to investigate possible fraud and to verify
compliance with federal student financial aid program
regulations, or to locate you if you become delinquent in
your loan payments or if you default. To provide default rate
calculations, disclosures may be made to guaranty agencies,
to financial and educational institutions, or to state
agencies. To provide financial aid history information,
disclosures may be made to educational institutions.

To assist program administrators with tracking
refunds and cancellations, disclosures may be made to
guaranty agencies, to financial and educational institutions,
or to federal or state agencies. To provide a standardized
method for educational institutions to efficiently submit
student enrollment statuses, disclosures may be made to
guaranty agencies or to financial and educational
institutions. To counsel you in repayment efforts, disclosures
may be made to guaranty agencies, to financial and
educational institutions, or to federal, state, or local
agencies.
In the event of litigation, we may send records to the
Department of Justice, a court, adjudicative body, counsel,
party, or witness if the disclosure is relevant and necessary
to the litigation. If this information, either alone or with
other information, indicates a potential violation of law, we
may send it to the appropriate authority for action. We may
send information to members of Congress if you ask them
to help you with federal student aid questions. In
circumstances involving employment complaints,
grievances, or disciplinary actions, we may disclose relevant
records to adjudicate or investigate the issues. If provided
for by a collective bargaining agreement, we may disclose
records to a labor organization recognized under 5 U.S.C.
Chapter 71. Disclosures may be made to our contractors for
the purpose of performing any programmatic function that
requires disclosure of records. Before making any such
disclosure, we will require the contractor to maintain Privacy
Act safeguards. Disclosures may also be made to qualified
researchers under Privacy Act safeguards.
Paperwork Reduction Notice. According to the
Paperwork Reduction Act of 1995, no persons are required
to respond to a collection of information unless it displays a
valid OMB control number. The valid OMB control number
for this information collection is 1845-0102. Public reporting
burden for this collection of information is estimated to
average 20 minutes (0.33 hours) per response, including
time for reviewing instructions, searching existing data
sources, gathering and maintaining the data needed, and
completing and reviewing the information collection.
Individuals are obligated to respond to this collection to
obtain a benefit in accordance with 34 CFR 682.215,
685.209, or 685.221.
If you have comments or concerns regarding the
status of your individual submission of this form, please
contact your loan holder directly (see Section 7).

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